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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Gary E who wrote (26130)6/24/1999 9:07:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Hey, the card game helps me think.

Globex has become much more proactive. I put more stock in it these days than I once did. Particularly from 7:30 Eastern on.

I have some charts that post just RTH, some that post all, some that toggle back and forth. Globex is becoming rather important, I think. You cannot dismiss it any longer. You see Highs and Lows on Globex than Hold moves during the day. You really have to "know" where those points are.

This analysis done by E-Wave and Pitchforks and so on? They discount Globex moves. I think they have to start taking them into account.

Of course, I don't care, I am taking them into account. It's just not as thin as it used to be. Just my opinion, but I think the damn market has become so 24 hour that all these methods have to start working the numbers 24 hours now. I've started to experiment with Tradestation systems and it's the wildest thing....I am often sitting here running patterns and whatnot at midnight and Tradestation yells out "TIME TO SELL, Close all Longs and Buy Puts!!".

You know how spooky that is in the middle of the night?